Unglamorous Freelance Manufacturers Could Boost U.S. Competitiveness
Harvard Business Review
MARCH 1, 2012
But CMOs tend not to be favored by private investors, because these companies are asset heavy — they need land, buildings, equipment, vehicles, and large illiquid investment in capital equipment. Hence, by definition, they tend to have lower ROA, even if they have significant revenues and very high absolute profits.
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